FX.co ★ USD/CHF attracts more buyers above 0.9342

USD/CHF 0.9435 seen as major obstacle

The USD/CHF pair dropped a little after reaching 0.9435 level. It was trading at 0.9383 at the time of writing. The 0.9342 historical level and the uptrend line represent downside obstacles. As long as it stays above these levels, the rate could resume its upwards movement.

The former high of 0.9435 represents an upside target and obstacle. Technically, the current sideways movement indicates that the price tries to attract more buyers before extending its growth.

USD/CHF trading conclusion

Breaking above 0.9435 signals further growth and is seen as a buying opportunity.